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GEORGIA - COMMUNITY ASSOCIATION MANAGER (CAM) LICENSE EXAM 240 ACTUAL QUESTIONS AND CORRECT ANSWERS 2026/2027 ALREADY GRADED A+ NEW!!!!!!!!!!!!!!!!

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Are you an aspiring community association manager preparing for the Georgia Real Estate Commission (GREC) CAM licensing exam? This comprehensive question bank is your ultimate study companion for mastering the essential knowledge required to pass the exam and succeed in the community association management industry. Designed to mirror the content, difficulty, and practical application of the actual PSI-administered CAM exam, this resource will help you build confidence, identify knowledge gaps, and achieve licensing success. What's Inside: This extensive resource provides 240 high-yield, multiple-choice questions covering the full spectrum of Georgia CAM exam topics. But more than just questions, you get: Correct Answers & Detailed Rationales: Every single question is paired with the correct answer and a clear, detailed rationale. These rationales explain why the answer is correct and why the distractors are incorrect, reinforcing key concepts from Georgia real estate law, community association governance, financial management, and fair housing compliance. This transforms each question into a powerful learning opportunity. Comprehensive Content Coverage: The questions are meticulously organized to cover all essential CAM exam domains, including: Georgia Real Estate License Law: GREC authority, licensing requirements, disciplinary actions, and broker supervision. Community Association Governance: CC&Rs, bylaws, Articles of Incorporation, board elections, and member meetings. Financial Management: Budgets, reserves, special assessments, audits, 1099 forms, and trust accounts. Fair Housing & Legal Compliance: Federal Fair Housing Act, HOPA, reasonable accommodations, and protected classes. Insurance & Risk Management: CGL, D&O, fidelity bonding, property insurance, and workers' compensation. Covenant Enforcement: Violation notices, fines, liens, selective enforcement, laches, estoppel, and waiver. Property Law Essentials: Deeds, liens, easements, encroachments, and types of ownership (JTROS, Tenancy in Common). CAM Operations: Vendor contracts, bidding, record keeping, communication plans, and emergency planning. Why This Resource is Essential: Pass Your CAM Exam: This question bank is specifically designed to help you pass the Georgia Community Association Manager licensing exam on your first attempt. Reinforce Professional Knowledge: The detailed rationales help you internalize the principles of community association management, essential for protecting associations and serving homeowners effectively. Identify Your Weak Areas: By working through these questions, you can quickly identify your areas of weakness and focus your study time more effectively. Study Anywhere: Use this resource on your computer, tablet, or phone for convenient, flexible study sessions. Exam-Style Preparation: The questions are formatted to match the style and difficulty of the actual PSI CAM exam, ensuring you are fully prepared for test day. This comprehensive question bank is an indispensable tool for anyone serious about earning their Georgia CAM license and advancing their career in community association management. Order today and take a major step toward professional certification!

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GEORGIA - COMMUNITY ASSOCIATION
MANAGER (CAM) LICENSE EXAM 240 ACTUAL
QUESTIONS AND CORRECT ANSWERS 2026/2027
ALREADY GRADED A+ NEW!!!!!!!!!!!!!!!!

1. In which year was the Georgia Real Estate Commission (GREC) created?
A) 1975
B) 1925
C) 1996
D) 1980
Answer B: 1925
Rationale: The license law was enacted in 1925, and GREC was created to protect
the public from harmful acts of real estate brokers.




2. How many members serve on GREC, and what is the requirement
regarding real estate licensure?
A) 5 members, all licensed brokers
B) 6 members, one of whom is not real estate licensed (a public member)
C) 7 members, all licensed CAMs
D) 4 members, no license requirement
Answer B: 6 members, one of whom is not real estate licensed (a public
member)

,Rationale: GREC holds 6 members, with 1 member who is not real estate licensed
serving as a public member.




3. Which of the following is an authority granted to GREC?
A) Set commission rates for real estate transactions
B) Issue or deny real estate licenses
C) Establish property tax rates
D) Approve HOA budgets
Answer B: Issue or deny real estate licenses
Rationale: GREC's authority includes issuing or denying licenses, disciplining
licensees, setting rules and regulations, and establishing fees.




4. In which year was the CAM license created in Georgia?
A) 1925
B) 1975
C) 1996
D) 2000
Answer C: 1996
Rationale: The Community Association Manager (CAM) license was established in
Georgia in 1996.




5. What is the minimum age requirement for a Georgia CAM license?

,A) 21
B) 18
C) 25
D) 16
Answer B: 18
Rationale: Applicants must be at least 18 years old to qualify for a CAM license.




6. What education requirement must be met to qualify for a CAM license?
A) Bachelor's degree
B) Associate's degree
C) High school diploma or equivalent
D) No formal education required
Answer C: High school diploma or equivalent
Rationale: A high school diploma or equivalent is required to qualify for a CAM
license.




7. How many instructional hours of pre-license education are required for the
CAM license?
A) 75 hours
B) 60 hours
C) 25 hours
D) 40 hours
Answer C: 25 hours

, Rationale: A 25-hour commission-approved course is required for the CAM
license.




8. Which of the following is defined as a "licensee" under Georgia real estate
law?
A) A salesperson, associate broker, broker, or community association manager
B) Only a broker
C) Only a salesperson
D) Anyone who owns rental property
Answer A: A salesperson, associate broker, broker, or community association
manager
Rationale: A licensee is defined as a salesperson, associate broker, broker, or
community association manager.




9. Who is considered a "broker" under Georgia community association
management regulations?
A) Any licensed salesperson
B) Any person or entity that collects assessments or performs community
association management services
C) Only the owner of a management company
D) Anyone who works full-time for a developer
Answer B: Any person or entity that collects assessments or performs
community association management services

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